Find out the latest DFW new home builder news, including news about the latest new home communities, grand openings, special sales events, closeouts and more.
The year started with the Fed promising as many as six interest rate cuts, but that proved to be a lot of Texas Bull droppings. Demand was strong from December to April Fools' Day when the American economy learned the real banker plan was a sleight of hand. As a result, builders now have a plentiful supply of homes with weaker-than-planned demand, putting downward pressure on housing pricing and increasing builder incentives and closing cost perks to get a deal done, but ONLY if you show up. With just four months until the November general election, the markets could begin to improve.
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Grayson County, real estate values, are rising, reflecting the massive growth in technology manufacturers actively establishing themselves in the Sherman area. Accelerated Real estate demand is still 12-36 months away, and with it, continued gains in housing prices are expected. In Sherman and Denison, prices are still low, which makes it an ideal time to buy. I expect these prices to rise from now and for years into the future.
From January 2023 through January 2024, here are the Median Values and 12-month percentage of change in real estate values. Remember that where few homes make up the listings for any given month, changes can swing abruptly.
When it comes to owning real estate that is difficult to outgrow, I am reminded of this quote, "You ain't no kind of man if you ain't got land." Delmar O'Donnell in "Oh Brother, Where Art Thou?" Visit my DFW MLS page to get a better view of the listings below - MLS listings engine for New Homes on Land in Dallas, Fort Worth.
Are you in the market for a new home and need some assistance finding inventory? You've found the right source, plus I'll pay YOU Thousands of Dollars when you CLOSE. View Dallas Fort Worth area new homes scheduled to be ready to close in January and March 2024.
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FED INTEREST RATE PIVOT ALERT! Real Estate News in the making! The Fed just shocked the market with its unexpected dovish announcement. In my opinion, the Fed had no choice; they either embraced lowering the Fed Funds Rate or caused widespread bank insolvency and business failures. There is a lot of pent-up housing demand waiting on the 2024 sidelines, and with six rate cuts planned next year, price inflation concerns will be hard to predict. Add in the Dollar's increased fall from the Reserve Currency and Petrodollar status, and even the supply chain becomes an area of concern.
In the late 70s, interest rates soared to nearly 21%; back then, the Reserve Currency status was not an issue, and the U.S. had a higher percentage of domestic
The Bel Air Development, LLC's Sherman, Texas master-planned community of Bel Air, is easily Sherman's largest at nearly 300 acres, with a plan for 8000 future residents at build-out. With costs approaching one billion dollars, Bel Air introduces to Grayson County, North Central Texas's most northern county bordering Oklahoma, a lifestyle that is hard to find, even in the massive Dallas Fort Worth Metroplex, some 40 miles to the South. With Phase One well underway and just minutes from Texas Instruments' largest Semiconductor Chip Plant complex and other major "Silicon Alley" technology employers, Bel Air will offer its residents the quality downtime they desire when away from their professional lives.
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The year started with the Fed promising as many as six interest rate cuts, but that proved to be a lot of Texas Bull droppings. Demand was strong from December to April Fools' Day when the American economy learned the real banker plan was a sleight of hand. As a result, builders now have a plentiful supply of homes with weaker-than-planned demand, putting downward pressure on housing pricing and increasing builder incentives and closing cost perks to get a deal done, but ONLY if you show up. With just four months until the November general election, the markets could begin to improve.
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